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  1. L

    Credit rating firms are completely worthless...

    you seem smart enough to know what cherry picking is.
  2. L

    Credit rating firms are completely worthless...

    SIVBs problems were known to specialists covering financials: Most equity research analysts saw it too:
  3. L

    Compare & Contrast with Christopher Lewis

    Okay glad to hear you're making unprecedented pnl. Looking forward to reading Bloomberg articles about your success in forecasting fx pairs.
  4. L

    Compare & Contrast with Christopher Lewis

    it strikes me that you are missing the actual ocean current, which are real rate differentials and positioning. Should take a look at a post @Kevin Schmit made about how he approaches trading FX, and then incorporate that into yours.
  5. L

    Transitioning From Sports Betting to Trading

    There is no steam chasing in stocks anymore —that is now dominated by ULL HFT, DE Shaw, Renaissance Tech, citadel, and Virtu.
  6. L

    Transitioning From Sports Betting to Trading

    Sports betting is very applicable to trading. If you’re trading stocks then the key catalysts are either macro (Fed meeting) or micro (company earnings, conference attendance). The information is used to track how likely a stock is to beat or miss earnings. Information (such as price or news) in...
  7. L

    Is trading a spiritual journey?

    No lol.
  8. L

    Second account blown and conditioned to lose

    @Anothertrader1 h/t for @MrMuppet just putting this out there: If you’re interested in becoming a serious trader, then I’d be willing to train you in exchange for a 2year NDA + 2yr exclusive ownership of your trade ideas (though you may trade them too). After training you would cover...
  9. L

    Which bank stocks are you buying?

    This makes me like the short even better. If they don’t hike then I’d cover.
  10. L

    Which bank stocks are you buying?

    Pausing rate hikes until the financial stability concerns are resolved (which takes time).
  11. L

    CFA traders

    alpha is in excess of beta. For example, stocks return 8% with a std of 16% but your stock selection portfolio did 12% with the same risk. That’s “4% alpha” (super simplistic but just an example). If you’re doing trend following then your beta is the benchmark of trend followers. in the above...
  12. L

    CFA traders

    I think by definition alpha is a return in excess of beta returns. So for you to claim to generate alpha you have to be harvesting some type of anomaly to beta returns. This is beyond active risk (choosing different betas), and is consistent with EMH.
  13. L

    Second account blown and conditioned to lose

    you're taking the first step in the right direction. Trading is a system 2 activity, not a system 1. What this experience tells you is that you need to create space between your trading thesis and trading execution. I would spend some time to focus on developing and refining a legit strategy...
  14. L

    Second account blown and conditioned to lose

    Hey, sorry about your loss. I think your problem is that you are betting randomly and don't actually have a strategy rooted in evidence. The result is that you're experiencing gambling addiction, which is the opposite of successful/profitable trading. I recommend you take a step back and spend...
  15. L

    Presenting The HOLY GRAIL

    Hahahahahaha
  16. L

    Which bank stocks are you buying?

    Around 50 on KRE. I will manage size actively throughout though. If news comes out that policy makers are doing the right thing, then my thesis is broken and I’ll need to exit asap. On the other hand, if policy does the wrong thing but there’s something stupid happening in equities, I might...
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    CFA traders

    Take Mark Meldrum's CFA prep! Mark Meldrum, Ph.D I sadly did not but I still watch his youtube videos. He's very good as drawing connections across the literature, which is the kind of example you'd want to have for a CFA. The only thing I do not like about his approach is that he's still not...
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    Which metric is most important to you?

    Personally not a fan of IBKRs risk metrics. I prefer uploading my portfolio into PORT on Bloomberg (I do the same with Refinitiv Eikon and their risk tool as well) and analyzing risk from a factor and active risk standpoint. However, within IBKR I'd say standard deviation, correlation, and...
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